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FORUMS Canon Cameras, Lenses & Accessories Canon EF and EF-S Lenses 
Thread started 18 Jul 2011 (Monday) 10:13
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Prices - wow. Canon lenses the new gold trade?

 
umphotography
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Jul 28, 2011 12:50 |  #31

rick_reno wrote in post #12778764 (external link)
We ain't seen nothing yet. Buy them now, they're as cheap as they're going to be for a long time.

And this is exactly why the prices keep going up. Stop buying them. Boycott them. Watch how fast the price points drop.


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yogestee
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Jul 28, 2011 20:46 |  #32

umphotography wrote in post #12838068 (external link)
And this is exactly why the prices keep going up. Stop buying them. Boycott them. Watch how fast the price points drop.

Unlikely..


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davidc502
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Jul 28, 2011 21:16 |  #33

It's amazing how high the prices are..... Still today I see 80-200 f/2.8L Lens selling for 800 dollars or more on Ebay.... Heck these are lenses made in the early 90's, and people are going crazy to get one. Unbelieveable!!

Give credit to Canon; they've done an excellent job of marketing. The profits are staggering I'm sure.


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liupublic
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Jul 28, 2011 21:29 |  #34

~115 yen per dollar 5 yrs ago
78 yen per dollar now

That's a change of 33%. The lens price change is ~40%. That's not even enough to cover inflation. Looks like we should not blame Canon. We should put the blame on lousy dollar.


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davidc502
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Jul 28, 2011 21:35 |  #35

liupublic wrote in post #12840635 (external link)
~115 yen per dollar 5 yrs ago
78 yen per dollar now

That's a change of 33%. The lens price change is ~40%. That's not even enough to cover inflation. Looks like we should not blame Canon. We should put the blame on lousy dollar.

The way it's going, the dollar could be worth even less. Perhaps a lot less.....


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ROGERWILCO357
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Jul 28, 2011 23:03 |  #36

that is why I bought my gear now..see like oil once they see we will pay that premium price it will stay there soar the price will on the more popular lens..Like I read the USD isn't what it used to be and well read between the lines like gold I bought ounces for 286 an ounce now gold is 1600 an oz silver from 4 bucks to 40 ..so will the L glass follow ..soon we will be saying wow I remember when the 17-40L was under A grand..


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MilesW
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Jul 28, 2011 23:34 |  #37

I just think Canon using the recent events in Japan as an excuse to rip it's customer base.


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wombatHorror
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Jul 28, 2011 23:40 |  #38

JonK wrote in post #12778614 (external link)
I know with Japan being hit the availability would be limited but man - now is NOT the right time to buy.

I bought my 85mm 1.2 II for like $1840 from BH. I bought my 16-35 II locally for like $1350 - $1400. Now, the 16-35 II is $1699 and the 85 II is $2100 - insane!

very late 2006 - 300 2.8 IS $3800
current day mid-2011 - 300 2.8 IS $4800 (if you can even find one)
soon to be replaced by - 300 2.8 IS II $7700 yow!

Or even with Tamron:
2005 - Tamron 28-75mm 2.8 $285
current day mid-2011 - Tamron 28-75 2.8 $500




  
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liupublic
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Jul 29, 2011 00:35 |  #39

wombatHorror wrote in post #12841159 (external link)
very late 2006 - 300 2.8 IS $3800
current day mid-2011 - 300 2.8 IS $4800 (if you can even find one)
soon to be replaced by - 300 2.8 IS II $7700 yow!

Or even with Tamron:
2005 - Tamron 28-75mm 2.8 $285
current day mid-2011 - Tamron 28-75 2.8 $500

Based on the change in exchange rate and inflaction, 2011 price is actually a bargain.

Increase is $1000 or 26%.

For the last 5 yrs, Exchange rate difference is about 33%. Inflation is ~2.5% per year or 13% over 5 years. That lens should have cost $5700 USD instead. Additionally demand is higher now than 5 yrs ago since DSLR has become much more popular now.

You have not semmed anything yet. If the debt ceiling does get raise next week, USD will drop another 10-15% when rating agency cuts US bond rating.


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ROGERWILCO357
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Jul 29, 2011 00:47 |  #40

yep now you see the writing on the wall clearly buy them while you can . Unlike most electronics this is one of the exceptions to the rule L-glass unlike the bodies just goes up and up..glad I bought what I did..


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hollis_f
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Jul 29, 2011 04:51 |  #41

umphotography wrote in post #12838068 (external link)
And this is exactly why the prices keep going up. Stop buying them. Boycott them. Watch how fast the price points drop.

Yeah! Canon will soon start selling their lenses at a loss?!

As long as the US government tries to pretend that it can keep avoiding economic disaster by printing money then that money will be worth less and less to the rest of the world.


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cyberon
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Jul 29, 2011 05:00 |  #42

hollis_f wrote in post #12841914 (external link)
Yeah! Canon will soon start selling their lenses at a loss?!

As long as the US government tries to pretend that it can keep avoiding economic disaster by printing money then that money will be worth less and less to the rest of the world.

Fully agreed!


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IllegalFun
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Jul 29, 2011 06:05 as a reply to  @ cyberon's post |  #43

Here in the UK there is a website called CameraPriceBuster, and when you click on a lens it gives you the lowest prices, but it also displays a graph of price rises and falls...
what I find interesting is how prices were lower when the UK economy was weak, but as soon as the economy started to grow, prices rose! :mad:

2008, start of recession, prices were low because of stock from before recession
2009 prices are still not much higher
2010 prices peak at beginning of the year, drop nearer the end
2011 prices rise during January/Feb (earthquake hit in March), then keep rising slowly

it seems the economy is still a bigger force for price hikes than the earthquake...
but one article I read online said most consumer goods might rise in price, as China is not exporting raw materials as much as it used to...

either way, I am glad that I am getting a payrise! I am still not going to get a 'niche' lens any time soon! an 85L will stay at a higher price for a long time, whereas a similarly priced product like a 5DMk2 body used to cost the same amount (£1650ish) but costs less, as more people buy them!


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hollis_f
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Jul 29, 2011 06:48 |  #44

IllegalFun wrote in post #12842027 (external link)
2008, start of recession, prices were low because of stock from before recession
2009 prices are still not much higher
2010 prices peak at beginning of the year, drop nearer the end
2011 prices rise during January/Feb (earthquake hit in March), then keep rising slowly

June 2008. £1 = 206 Yen
June 2009. £1 = 158 Yen
Jan 2010. £1 = 148 Yen
Dec 2010. £1 = 130 Yen
2011 steady at around 130 Yen

If you assume that currency fluctuations take about 6 months to work through then they will account for most of the price fluctuations.


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danmix
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Jul 29, 2011 07:19 as a reply to  @ hollis_f's post |  #45

it's pure economy - until the US sorts out it' debt position prices will continue to rise. Nothing to do with earthquakes etc, just have a look at prices in the rest of the world. Here in Aus it's cheaper to by from overseas than locally still....That's called being ripped off

eg
last lens purchase
70-200 is usm ii
Aus list 3200 aud Street about 3K Grey 2.8K
US adorama 2.4K US which is about 2.1K AUD

That people is called a rip off, not the relatively small increases you are seeing on the back of a very poor economy.


Dan

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Prices - wow. Canon lenses the new gold trade?
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